BTC – Fibonacci – Divine Ratio - $20K soon ?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Guys!

Let’s take a look at BTC but this time using large time frame. We love big pictures.
With them many things make deeper sense, doesn’t it?

Today we want to describe you what Fibonacci ratio is.
This is a special ratio that rules the proportions of the world starting from such a small things like atoms, flowers, trees and finishing with unimaginably large celestial bodies. Simply nature relies on this golden ratio. People who stand behind financial markets are the part of the nature, too. Such rules can be applied to their behaviour.
Mathematicians, scientists and naturalists have known this ratio for centuries. It's derived from something known as the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci (whose birth is assumed to be around 1175 A.D. and death around 1250 A.D.). Each term in this sequence is simply the sum of the two preceding numbers (1, 1, 2, 3, 5, 8, 13, etc.).
Sequence is not that important. More important are ratios. Here are couple of examples:

1,618 (golden ratio) ~ 5/3 ~ 8/5 ~ 13/8 ~ 21/13
0,618 ~ 3/5 ~ 5/8 ~ 8/13 ~ 13/21
0,382 ~ 3/8 ~ 5/13 ~ 8/21 (by the way 1 – 0,618 = 0,382)
0,236 ~ 3/13 ~ 5/21

Ok you think this is cool but it doesn’t prove anything. Does it?

Take honeybees, for example. If you divide the female bees by the male bees in any given hive, you will get 1.618. Sunflowers, which have opposing spirals of seeds, have a 1.618 ratio between the diameters of each rotation. This same ratio can be seen in relationships between different components throughout nature.

Still don't believe it? Need something that's easily measured? Try measuring from your shoulder to your fingertips, and then divide this number by the length from your elbow to your fingertips. Or try measuring from your head to your feet, and divide that by the length from your belly button to your feet. Are the results the same? Somewhere in the area of 1.618? The golden ratio is seemingly unavoidable.

So guys getting back to the chart.
We marked Fibonacci Spiral marking minimums and maximum from last 7 months.
What does it say? We are really low and there is no much room to go any lower.

We have a plenty room to go up. First till $12000 - $12600. Of course it takes time and won’t happen linear. Once we brake it and be in the uptrend we can expect such levels as $20000 - $23000. When? That is good question?

We also marked time frames based on Fibonacci scale. We marked them first backing to 2014 when BTC was first time listed on Bitfinex. Each vertical blue line represent something interesting on the chart. Saying that we mean price turns. Look how perfect it matches the peak from turn of 2017/2018.

We also marked mid-term Fibonacci scale with red lines using the same strategy (turning points). Funny thing happened. There are only 2 lines aligned with each other. They occurred JUST NOW. Is something big to happen very soon?

What do you think guys?
Would you apply this technique to your charts? Do you trade with it?
Please do share with us your opinion. We are co curious…

HUGE Hugs!
WBM Team
Comment: Fibonacci time frames
Comment: Number 8 is that what which combines 2 time frames (red and blue)
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my gut says the next peak will dwarf this peak by 5x - 10x and it will materialize in less than 3 months.
+3 Reply
BasedDeptGeneral GJMRealEstate
@GJMRealEstate, That's... absurd.
GJMRealEstate BasedDeptGeneral
@BasedDeptGeneral, told you so! (posting my October reply now because I doubt I will be interested in following up with this thread in 3 months) ;)
BasedDeptGeneral GJMRealEstate
@GJMRealEstate, Wait... You're taking an October victory lap on a call for $100k-$200k bitcoin now?

This is amazing.
+2 Reply
LOL, what a joke
+2 Reply
This is def the most interesting fib spiral chart I've seen...
WBM_Team BasedDeptGeneral
@BasedDeptGeneral, thank you
its very informative regardless of the outcome so thankyou for taking the time and effort.
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